Johannesburg

Wednesday

Mostly sunny. Pleasantly warm.

13°C
28°C

7 day forecasts

Man dishes out billions

2006-06-26 08:26

New York - Warren Buffett, the world's second richest man, plans to give away 85% of his fortune of more than $40bn to charity including one run by Bill Gates, the wealthiest man on the planet, Fortune magazine reported on Sunday.

Buffett, 75, pledged in an interview with Fortune to give away 85% of his stock in his Berkshire Hathaway investment firm starting in July.

"I know what I want to do," he was quoted as saying, "and it makes sense to get going".

The shares will go to five foundations. More than 80% will go to the Bill and Melinda Gates Foundation which already has a kitty of about $30bn used to pay for medical research and give educational grants.

Buffett and the Gates' are close friends. According to Fortune, Buffett plans to eventually become a trustee of the Gates foundation.

Fortune magazine estimated earlier this year that Buffett has a fortune of about $44bn. Gates has about $50bn.

- AFP

inside news24

Cpt: 15-18°C Rain showers. Decreasing cloudiness. Mild. Pta: 16-31°C Morning clouds. Pleasantly warm.
Jhb: 13-28°C Mostly sunny. Pleasantly warm. Bloem: 12-30°C High level clouds. Pleasantly warm.
Dbn: 18-31°C Sprinkles early. More sun than clouds. Warm. PE: 14-23°C Drizzle. Broken clouds. Mild.
7 day forecasts...
Western Cape Eastern Cape Kwazulu Natal Gauteng

Germiston - 19:26:23 PM ROAD CLOSURE NOTICE - The on-ramp to the N3 southbound carriageway at the Geldenhuis Interchange will be closed from 9pm and 5am - signed detours will be in operation to guide traffic onto alternative routes More traffic reports...

Here are the winning Lotto numbers from the Saturday, November 7 draw.

18, 24, 25, 31, 35, 42 Bonus 38

Lotto plus: 4, 14, 17, 20, 21, 34 Bonus 3

SMS the word Lotto to 31222 to get lotto numbers sent directly to your phone. The service costs just R10 per month. 
More lotto numbers...

Jobs - Find your dream job

BI Technologist

Gauteng
Hire Resolve

Financial Manager

Gauteng - JHB North/Sandton
Network Recruitment CA- Centurion
R250,000-300,000 Per Annum Cost To Company

BI Specialist

Gauteng - JHB North/Sandton
Hire Resolve
R25,000-35,000 Per Month

Browse more jobs...
Register your CV...
Advertise a position
Job alert e-mails...

Cars - Search 1000's of new and used cars

AUDI

2008 A4 1.8T Multitronics from R 269 000

VOLVO

S40 2.4i
2004
R 118,900.00

JAGUAR

S-Type 4.0 AT
2005
R 219,990.00

MERCEDES

CLK 320 Cabriolet AT MY03
2003
R 219,990.00

Property - Find a new home

PLATTEKLOOF

Single Residential R849,000

KALK BAY

Single Residential R9,750,000

LYNNWOOD

Single Residential R2,400,000

Travel - Look, Book, Go!

Enjoy a week long tropical escape from only R8 156 per person sharing (includes accommodation, return flights, airport taxes and transfer, non-motorised watersports, breakfast and dinner. Book now!

Free Games - TOO MUCH NEWS? TAKE A BREAK!

Zuma

Play Now »

Twenty20 Cricket

Play Now »

Bejeweled 2

Play Now »

Mahjongg Fortuna

Play Now »

Diner Dash 2

Play Now »

More Free Games